Will SBI raise $3 Billion Fund? Read decision taken in Today’s Board Meeting

SBI is planning to raise $3 Billion fund and a board meeting was held today. In the meeting an important decision was taken related to whether SBI should raise funds or not.

What happened in meeting?

The official communication from SBI said:

We refer to our letter no.: CC/S&B/AND/2025-26/107 dated 14.05.2025 intimating about the meeting of the Executive Committee of the Central Board of the Bank, pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit that the Executive Committee of the Central Board in its meeting held on 20th May 2025 has approved, inter alia, to examine the status and decide on long term fund raising in single / multiple tranches of up to US$ 3 Billion (US$ Three Billion) under Reg-S/144A, through a public offer and/or private placement of senior unsecured notes in US Dollar or any other major foreign currency during FY 2025-26.

What this means?

The committee has approved a plan to explore and move forward with raising long-term funds — up to USD 3 billion — during the financial year 2025–26. The bank’s top board committee has approved the idea of raising up to USD 3 billion through international bond offerings in FY 2025–26. The money will be raised in foreign currencies, and the process may involve public or private offers under global regulations.